News

Affordable Housing Proposed in Hyde Park

The latest development, slated for a site at 6501 Crenshaw Boulevard, comes from an entity known as Hope on Hyde Park, LP and the Foundation for Affordable Housing. Plans call for the construction of a 90-unit rental complex featuring studio and one-bedroom apartments at a site that is currently occupied by a church.

The project team is seeking $25 million in state bond revenue to finance land acquisition and the construction of the project, in addition to Federal low-income housing tax credits.